Private Rented Sector Buy to Let Consultants
How CGT affects landlords and buy to let investors
Now that capital gains tax (CGT) is mostly just a tax on inflation not real capital gains, perhaps it should be renamed “inflation tax”? We know our government is short of cash. When was it ever not? The state’s debt burden is now a little over £2,540 billion or to put it another way, 101 per cent of the nation’s […]
Read moreThis short article is about the interaction of Inheritance Tax (IHT) and Capital Gains Tax (CGT) and how, via tax planning, people can reduce the impact of both. It explains that the key thing is to do this when you are still young or else you and /or your heirs may end up paying even more tax that you need […]
Read moreThirty Days to Pay Capital Gains Tax Landlords of residential property should be aware of new tax deadlines for capital gains tax which mean they have just thirty days to pay it. Starting from April 6th 2020, the deadline by which owners with taxable capital gains on residential property will reduce from up to 22 months to just thirty days […]
Read moreCapital Gains Tax Reduction for Landlords Selling to Tenants Chancellor Philip Hammond is said to be considering handing a capital gains tax break to landlords who sell their buy-to-let properties to long-term tenants in his budget this month. The proposals were put forward by “Onward”, (the rather silly-named Conservative think tank). The idea is that landlords could be made exempt […]
Read moreThe Easiest Way for Buy to Let Landlords to Avoid Capital Gains Tax The easiest way for buy to let landlords to avoid capital gains tax is never to sell and to keep re-mortgaging to extract cash out of their properties. And the easiest way to build a portfolio is to use the re-mortgaged cash as deposits to buy more […]
Read moreDavid Lawrenson of LettingFocus sees some positives from what appears to be a gloomy year for landlords. The Future for Buy to Let Landlords It’s been a funny year for so called “buy to let” landlords. They have been clobbered by George Osborne’s hikes to Stamp Duty Land Tax (SDLT) – a special tax designed just for pesky “Mom and Pop” landlords. Interestingly, […]
Read moreFor those that don’t know, here is how politics works…. Private Letting Relief Will be Axed The government puts out in a series of “half leaks” that it is looking at eliminating or cutting the amount of buy to let mortgage and other loan interest and fees that a landlord can offset against rent. This is what they are doing now – and […]
Read moreDavid Lawrenson, of property consultancy www.LettingFocus.com says British citizens are being treated like second class citizens when it comes to property tax. If you were following the recent mini statement from Chancellor George Osborne last week you will have heard how overseas investors in our residential property markets will now have to pay capital gains tax – just like they […]
Read morePrivate rented sector consultant David Lawrenson of www.LettingFocus.com looks at calls for reform of tax in the private rented sector. In last weeks’ blog I looked at the housing associations, private landlords and the case for housing associations to get involved in “market renting”. In the course of that blog I also mused on the government’s increasing willingness to get […]
Read moreA recent survey and press release from the Halifax (the ones with those annoying but oddly impactful adverts of the two girls making a jingle and spilling their coffee) got a lot of column inches. “Suddenly we are becoming nation of private renters” says the Halifax. Those of you who have followed my work for a while will know that […]
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